Film Forum Inc
- Assets
- $19.1m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 67
- Location
- New York, NY
- Founding
- 12/1975
- Data as of
- 06/2021
- EIN
- 51-0175953
Organization Overview
Film Forum Inc is located in New York, NY. The organization was established in 1975. According to its NTEE Classification (A31) the organization is classified as: Film & Video, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Film Forum Inc employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Film Forum Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Film Forum Inc generated $4.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $4.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FILM FORUM EXHIBITS NEW INDEPENDENT FILMS AND REPERTORY FILMS FROM CINEMA HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FILM EXHIBITION FILM FORUM CONTINUES ITS WORK OF: PREMIERING AN INTERNATIONAL ARRAY OF NEW FILMS THAT TREAT DIVERSE SOCIAL, POLITICAL, HISTORICAL AND CULTURAL REALITIES; AND, PRESENTING THE BEST IN CLASSIC AND GENRE CINEMA FROM AROUND THE WORLD AND TAKING RISKS ON MOVIES BOTH OLD AND NEW. PROGRAMMING IS BASED ON A FILM'S INHERENT ARTISTIC QUALITY AS OPPOSED TO COMMERCIAL CINEMAS THAT MAKE DECISIONS BASED ON THE BROADEST BOX OFFICE APPEAL.IN MARCH 2020, THE UNITED STATES DECLARED THE GLOBAL PANDEMIC NOVEL CORONAVIRUS COVID-19 OUTBREAK A NATIONAL EMERGENCY. AS A RESULT, ON MARCH 15, 2020 FILM FORUM CANCELED ITS IN-THEATER SCREENINGS AT THE DIRECTION OF STATE AND LOCAL GOVERNMENTAL AUTHORITIES. MANAGEMENT TOOK IMMEDIATE STEPS TO MITIGATE THAT IMPACT BY MIGRATING PROGRAMMATIC OFFERINGS ONLINE ONTO A VIRTUAL CINEMA. FILM FORUM RESUMED IN-THEATER PROGRAMMING ON APRIL 2, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Cooper President/treasurer | OfficerTrustee | 40 | $276,240 |
Michael J Maggiore Programmer | 40 | $180,850 | |
Bruce Goldstein Director Of Repretory Programming | 40 | $164,519 | |
Chad Bolton General Manager | Officer | 40 | $143,886 |
Adam Walker Director Of Communications | 40 | $118,369 | |
Francine Crawford Business Manager | 40 | $112,453 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cinema Technology Services Llc Cinema Equipment Maintenance, Supplies A | 6/29/19 | $267,315 |
Benchmark Builders Inc Construction Contractor | 6/29/19 | $2,525,353 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $230,952 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $314,764 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,735,266 |
| Noncash contributions included in lines 1a–1f | $47,534 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,280,982 |
| Total Program Service Revenue | $668,972 |
| Investment income | $100,313 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $111,416 |
| Net Gain/Loss on Asset Sales | $144,460 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $20,398 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,468,920 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $477,107 |
| Compensation of current officers, directors, key employees. | $113,091 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,514,293 |
| Pension plan accruals and contributions | $17,151 |
| Other employee benefits | $283,400 |
| Payroll taxes | $151,627 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,138 |
| Fees for services: Accounting | $33,397 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,100 |
| Fees for services: Other | $55,695 |
| Advertising and promotion | $9,118 |
| Office expenses | $124,613 |
| Information technology | $19,453 |
| Royalties | $0 |
| Occupancy | $848,278 |
| Travel | $15,773 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,429 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $517,463 |
| Insurance | $29,406 |
| All other expenses | $84,948 |
| Total functional expenses | $4,650,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,125,759 |
| Savings and temporary cash investments | $1,569,244 |
| Pledges and grants receivable | $656,430 |
| Accounts receivable, net | $112,522 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,349 |
| Prepaid expenses and deferred charges | $48,530 |
| Net Land, buildings, and equipment | $8,341,932 |
| Investments—publicly traded securities | $6,055,579 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $137,976 |
| Total assets | $19,050,321 |
| Accounts payable and accrued expenses | $240,251 |
| Grants payable | $0 |
| Deferred revenue | $251,898 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,379,748 |
| Other liabilities | $638,685 |
| Total liabilities | $2,510,582 |
| Net assets without donor restrictions | $9,951,147 |
| Net assets with donor restrictions | $6,588,592 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,050,321 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Film Forum Inc has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
Kaplen Brothers Fund Inc New York, NY PURPOSE: GENERAL OPERATING AND CAPITAL CAMPAIGN SUPPORT | $200,000 |
Endowment Analysis
| Beg. Balance | $4,873,248 |
| Earnings | $962,463 |
| Net Contributions | $350,000 |
| Other Expense | $215,645 |
| Ending Balance | $5,970,066 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Film At Lincoln Center Inc New York, NY | $47,336,422 | $12,793,835 |
Women Make Movies Inc New York, NY | $4,051,785 | $9,688,918 |
The Independent Feature Project Inc Brooklyn, NY | $3,453,615 | $7,239,136 |
Jacob Burns Film Center Inc Pleasantville, NY | $56,622,968 | $8,221,632 |
Ghetto Film School Inc Bronx, NY | $4,789,477 | $7,574,668 |
Cinereach Ltd New York, NY | $8,475,346 | -$20,278 |
American Documentary Inc Brooklyn, NY | $4,468,317 | $5,634,331 |
Center For Independent Documentary Inc Newton, MA | $4,612,024 | $5,515,136 |
Film Forum Inc New York, NY | $19,050,321 | $4,468,920 |
Harmony Labs Inc New York, NY | $1,442,508 | $4,578,656 |
Alcohol And Drug Abuse Services Inc Port Allegany, PA | $3,920,999 | $4,354,797 |
Tribeca Film Institute Inc New York, NY | $183,631 | $2,652,875 |